The estate tax is a tax that is levied on all property that is declared in a deceased person’s will. The tax is also known as the “inheritance tax” or “death tax.” Proponents of the tax argue that more estates should be subject to the tax and the threshold should be lowered. Opponents of the tax argue that people who have paid income taxes their entire life should not be subject to another tax when they die.
My idea on estates is once a house is paid for, when vacated for whatever reason, new occupants should pay a maintenance fee
and yearly taxes based on square footage to bank monthly, as once house is paid for shouldn't keep paying for what's already paid for This would eliminate ( if occupants want to make changes must get city and banks approval, at their own expense,)equity,and borrowing against house. Banks real estate insurance would be required to maintain house with payments received. Theory is if house maintenance up to date no slums.
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